The European Central Bank is advancing its digital asset settlement strategy, aiming to streamline transactions, enhance security, and strengthen financial stability across European markets. Digital Asset Settlement Transformed as ECB Embraces DLT Solutions The European Central Bank (ECB) announced on Feb. 20 an expansion of its initiative to facilitate the settlement of distributed ledger technology […]
Key Takeaways: Investors are shifting focus as altcoin trading volume is much higher than Bitcoin’s. Stablecoins are now the primary driver of altcoin interest, rather than direct rotation from Bitcoin. This alt season is highly selective, requiring investors to do thorough research (DYOR). The CEO of CryptoQuant, Ki Young Ju, ignited controversy with a statement that…
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Key Takeaways: Pascal hard fork is here to implement native smart contract wallets on the BNB Chain, and allows for batch transactions. This upgrade enhances the user experience via lower fees and greater efficiency. This hard fork coincides with Ethereum’s anticipated Pectra upgrade, enhancing compatibility. The Pascal hard fork will undergo testing in February before its official release…
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Key Takeaways: Bybit confirmed a $1.4 billion loss in ETH due to a sophisticated hack targeting a cold wallet. The attackers then injected malicious code into the wallet’s smart contract through a “masked” transaction to deceive Bybit’s security team. In the wake of the huge loss, Bybit also reassured users that the funds of all customers…
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Key Takeaways: Pending final approval, the SEC has agreed to dismiss its lawsuit against Coinbase. This is indicative of a potential change in the US toward a more crypto-friendly regulation. Coinbase CEO Brian Armstrong heralds this as a boon for the industry and a sign things are getting better. The United States Securities and Exchange Commission (SEC) has…
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Key Takeaways: Token Launch Fatigue: The initial surge in Solana-based meme coin launches is showing signs of slowing down. Scams Cast a Shadow: High-profile scandals of meme coins dent investor confidence. Regulation on the Horizon: The SEC is also ramping up its scrutiny of crypto, particularly to protect retail investors. Solana, which rode high on a wave…
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Litecoin Booms: 243% Jump in Transactions as ETF Rumors Swirl Key Takeaways: Anticipation of spot ETFs has led to a surge in Litecoin’s daily transaction volume Since the beginning of October, LTC’s market cap has been rising much faster than Bitcoin’s. Preparations indicate a likelihood of ETF approvalˏ although that is not guaranteed. Litecoin Spotlight: 243% Surge in…
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Key Takeaways: Major ETF Outflows: Bitcoin ETFs faced $364.8M in withdrawals and Ethereum ETFs lost $13.1M on February 20. Market Impact: BTC and ETH prices may face downward pressure due to increased supply and selling activity in the near term. Investor Wariness: ETF outflows are fueled by profit-taking and macroeconomic uncertainty, while Ethereum investors await the…
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Gunzilla Games Web3 director says the biggest problem in blockchain gaming is the lack of “new money coming into the system.”
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